InvestorQ : What are the stocks to be added to the MSCI Index and how much would it impact the flows into stocks?
ishika Banerjee made post

What are the stocks to be added to the MSCI Index and how much would it impact the flows into stocks?

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3 weeks ago
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While the final list from MSCI is expected to be out in November, it is estimated that 6 companies could get added to the MSCI Standard Index while 2 are likely to exit the index. The companies that are likely to be included are Tata Power, SRF, Mphasis, Godrej Properties, Mindtree, IRCTC and Zomato. However, IPCA Laboratories and REC are expected to exit the MSCI Standard Index. Let us now turn to how the flows would look like.

Among the likely inclusions, Tata Power is likely to see inflows of $240 million, SRF of $231 million, Mphasis to the tune of $208 million, Godrej Properties worth $201 million, Mindtree inflows of $200 million, IRCTC $171 million and Zomato $153 million. The total outflow from IPCA and REC would be to the tune of $210 million combined. Overall, the net inflows due to the MSCI shift would be to the tune of $1.20 billion.

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